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Paul Hastings Advises on Z-Obee Restructuring

Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it is advising Alpha Professional Development Limited (“Alpha”) as the sole investor in the proposed restructuring of the Hong Kong and Singapore listed company Z-Obee Holdings Limited (Provisional Liquidators Appointed) (“Z-Obee”), which is principally engaged in the provision of mobile handset design and production solution services and marketing and distribution of mobile handset and its components.

The proposed restructuring involves, among others, schemes of arrangement, capital reorganisation, share subscription, open offer, provision of working capital loan and loan facility, and the engagement of a new management team.

Alpha will provide business, management and financial support to Z-Obee, and will inject further capital through the share subscription and by acting as the underwriter for the open offer.

The Paul Hastings team is being led by Raymond Li, partner and Chair of Greater China, with support from associates Bonnie Kong, May Lun, Matt Li and trainee solicitor Tiffany Lam.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.